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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 27, 2019 to file lead plaintiff applications in a securities class action lawsuit against Fred’s Inc. (NasdaqGS: FRED).
Fred’s and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 29, 2017, the market was stunned by the announcement that the merger between Walgreens Boots Alliance, Inc. and Rite Aid Corp. had been terminated along with a collaborative Asset Purchase Agreement with the Company to buy 865 Rite Aid stores for $950 million previously reached in order to help obtain FTC approval and complete the Merger.
On this news, the price of Fred’s, Inc.’s shares plummeted.
If you purchased securities of Fred’s and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email(email@example.com), or fill out the form on this page.
The case is Zaller v. Fred’s Inc. et al, 2:19cv2415.